True Economic Measures Should Factor In Natural Resources

By Nina Chestney LONDON (Reuters) – Traditional measures showing strong economic growth in Brazil and India over nearly two decades fail to take account of the depletion of their natural resources, scientists and economists at a climate conference said on Wednesday. Scientists and environment groups have been pressuring governments to include the value of their countries’ natural resources – and use or loss of them – into future measurements of economic activity, rather than relying solely on the gross domestic product calculation

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True Economic Measures Should Factor In Natural Resources